A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Over the past 10 years, ComfortDelGro Corporation Limited (SGX:C52) hasRead More...

Southeast Asia's biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc's business in the region, said a source with knowledge of the talks, in what would be Uber's second retreat from an Asian market. Ride-hailing firms have raised billions of dollars to help compete in Southeast Asia where they have been forced into losses partly due to hefty incentives to drivers and discounts to riders. Grab has a dominant position in several markets in the region of about 640 million people, while Uber has also been expanding.

Southeast Asia's biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc's business in the region, said a source with knowledge of the talks, in what would be Uber's second retreat from an Asian market. Ride-hailing firms have raised billions of dollars to help compete in Southeast Asia where they have been forced into losses partly due to hefty incentives to drivers and discounts to riders.

Corp. Ltd., the Singapore-listed transport company said Monday. The Competition Commission of Singapore has advised both the companies that it had concluded the first phase of its review of the proposed alliance “but was unable to conclude that the proposed transaction would not raise competition concerns,” ComfortDelGro said in a stock-exchange filing. The local transport company said along with Uber, it intends to file all relevant documents to the commission to address all of its concerns in the second phase of the review, which can take up to 120 working days to complete.

The Competition Commission of Singapore listed 10 issues that require further in-depth assessment. The Competition Commission of Singapore (CCS) pushed the review of the proposed joint venture (JV) between ComfortDelGro (CDG) and Uber Technologies into the second stage of review. According to DBS Equity Research, the CCS was unable to determine whether the JV would not raise competition concerns.

Singapore's competition commission said on Monday it plans to do further in-depth assessment of the tie-up between the city-state's top taxi operator, ComfortDelGro, and Uber [UBER.UL], after an initial review. The agency said it had requested further information from both parties to be submitted by March 5, after which it will assess whether their tie-up infringes Singapore's competition laws. "CCS (Competition Commission of Singapore) is unable to conclusively determine that competition issues will not arise," it said in a statement.

Singapore's competition commission said on Monday it plans to do further in-depth assessment of the tie-up between the city-state's top taxi operator, ComfortDelGro, and Uber [UBER.UL], after an initial review. The agency said it had requested further information from both parties to be submitted by March 5, after which it will assess whether their tie-up infringes Singapore's competition laws. "CCS (Competition Commission of Singapore) is unable to conclusively determine that competition issues will not arise," it said in a statement.

The Seletar bus package's contributions will kick in starting March. ComfortDelGro Corporation Limited (CDG) is relying on its public transport services in Singapore to sustain revenue growth, as the Seletar bus package's contributions will kick in starting March, RHB Research said. Singapore Business Review previously reported CDG's lower profits were partially offset by a 3.6% gain in public transport services to $2.39b.

This was due to a 2.2% decline in revenue. ComfortDelGro Corporation Limited reported that its profit fell by 4.9% YoY from $317.1m to $301.5m in 2017. According to its financial statement, this was due ...

ComfortDelGro Corporation Ltd (CDG) and Uber Technologies launched an application for their new ride-hailing service, UberFLASH, today. According to a press release, the combined fleet of private-hire cars and taxis are available on the app. Singapore Business Review previously reported that CDG and Uber entered a joint venture deal which combined the companies' fleet.

Uber Technologies and Singapore's top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab. UberFLASH, that will connect riders to drivers closest to them - either a private vehicle or a taxi, is the first collaboration between the firms since they said in December that ComfortDelGro would buy a 51 percent stake in Uber's Singapore car leasing unit, Lion City Rentals.

Uber Technologies [UBER.UL] and Singapore's top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab. UberFLASH, that will connect riders to drivers closest to them - either a private vehicle or a taxi, is the first collaboration between the firms since they said in December that ComfortDelGro would buy a 51 percent stake in Uber's Singapore car leasing unit, Lion City Rentals.

Stocks with market capitalization between $2B and $10B, such as ComfortDelGro Corporation Limited (SGX:C52) with a size of SGD4.35B, do not attract as much attention from the investing community asRead More...

ComfortDelGro Corporation Limited (SGX:C52), a transportation company based in Singapore, received a lot of attention from a substantial price movement on the SGX in the over the last few months,Read More...

Ride-hailing firm Grab on Tuesday said it has launched services in Cambodia, expanding its presence to an eighth country in Southeast Asia where it is the biggest rival of Uber Technologies Inc. The Singapore-headquartered firm said it signed a memorandum of understanding with Cambodia's Ministry of Public Works and Transport to support infrastructure development. The official launch in the Cambodian capital of Phnom Penh marks the latest development in a quick-moving industry, coming just three months after Uber likewise began services in what the World Bank ranks as the sixth-fastest expanding economy.

Ride-hailing firm Grab on Tuesday launched services in Cambodia, expanding its presence to an eighth country in Southeast Asia as it looks to cement its regional dominance over rival Uber Technologies Inc. The Singapore-headquartered firm's expansion into Cambodian capital Phnom Penh, its 156th city in the region, comes just three months after Uber began services in what the World Bank ranks as the sixth-fastest expanding economy.

In this article, I will take a look at ComfortDelGro Corporation Limited’s (SGX:C52) most recent earnings update (30 September 2017) and compare these latest figures against its performance over theRead More...

(Corrects Dec. 11 story to remove reference to Thailand in paragraph 11 and table as the market was closed for a holiday) By Chris Thomas Dec 11 (Reuters) - Singapore shares climbed 1 percent to their ...

(Corrects Dec. 11 story to remove reference to Thailand in table as the market was closed for a holiday) By Chris Thomas Dec 11 (Reuters) - Most Southeast Asian stock markets edged higher on Monday, with ...

By Chris Thomas Dec 11 (Reuters) - Singapore shares climbed 1 percent to their highest close in two-and-a-half years on Monday, riding on a rally in financials, while Vietnam stocks tumbled 2.4 percent ...

By Chris Thomas Dec 11 (Reuters) - Most Southeast Asian stock markets edged higher on Monday, with Singapore building on steep gains in the previous session, while the Philippines slipped as competition ...